EWY: South Korea's Flagship ETF Sees Outflows Spike as Chip Leverage Trade Unwinds
The EWY ETF has seen substantial outflows as top South Korean stocks like Samsung Electronics and SK Hynix drop sharply.
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The EWY ETF has seen substantial outflows as top South Korean stocks like Samsung Electronics and SK Hynix drop sharply.
SK Hynix plans a historic $720 billion investment through 2034 to triple its high-bandwidth memory (HBM) production capacity, addressing severe AI-driven memory shortages expected to persist through 2027 or longer. The company commands 58% of the global HBM market. Rather than investing directly in the volatile SK Hynix stock, investors can gain diversified exposure through ETFs like DRAM, IXUS, and EWY that hold SK Hynix alongside other AI memory leaders.
QQQ attracted $3.67 billion in ETF inflows while SPY saw $3.82 billion in outflows, as semiconductor ETFs also drew strong investor demand.
https://www.bloomberg.com/news/articles/2026-08-18/korea-denies-report-on-discussing-chips-as-first-us-investment
Evolution Metals & Technologies Corp. (EMAT) announced a major expansion of electrical infrastructure at its Pohang, South Korea operations, increasing power capacity from 130 MW to 750 MW to support scaling rare earth magnet production from 1,000 to 10,000 metric tons annually by end 2026. The expansion includes facility expansion from 24,000 to 482,000 square feet, land acquisition, and a conditional $20.7 million Korean government grant.